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Jan 21, 2013
01/13
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the most important issues for our country such as debt ceiling spending and the gun control debate. >> that's where we begin our first pole this morning. when asked if you think the tough gun control laws will prevent acts like the noun shooting 41 percent say no people will still try to commit the acts. 22 percent said yes. we asked about finances. those polled say income taxes will likely go up this year 11 percent more than the number who believe gun laws will change. 48 percent say they expect changes through immigration reform this year. 21 percent believe the deficit will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily
the most important issues for our country such as debt ceiling spending and the gun control debate. >> that's where we begin our first pole this morning. when asked if you think the tough gun control laws will prevent acts like the noun shooting 41 percent say no people will still try to commit the acts. 22 percent said yes. we asked about finances. those polled say income taxes will likely go up this year 11 percent more than the number who believe gun laws will change. 48 percent say...
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Jan 22, 2013
01/13
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house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they haven't done in four years -- pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view the vote as an opportunity to raise more money for taxes. >> it's going to be a great opportunity for us. in our budget we lift budget reform which many of my republican colleagues like, but it's going to include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. no dollar amount specifically is in the bill, but the legislation is expe
house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they...
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Jan 23, 2013
01/13
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there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president obama's inaugural address. speaking in reno, nevada, way waywayn wayne lapierre lashed out at one word from president obama. >> we cannot mistake absolutism, or treat name calling as reasoned debate. >> obama wants to turn the idea of absolutism into a dirty word, just another word for extremism. he wants you, all of you, and americans throughout all of this country, to accept the idea of principles as he sees fit. it's a way of redefining words so that commonsense is turned upside down and that nobody knows the difference. >> lapierre vowed not to give ground on gun control including efforts to
there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president...
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Jan 21, 2013
01/13
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ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4 trillion dollars by his lonesome so that we no
ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a...
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Jan 23, 2013
01/13
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today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan will draft the budget with deeper cuts. that's a carrot to get conservatives to go along but some still want to see cuts first. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers' paychecks could take a hit. what's still not known
today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan...
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Jan 22, 2013
01/13
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earnings, is it going to be debt ceiling talks? basically, is it macro? >> well, i think today and tomorrow is going to tell us a lot. i want to see how google's earnings affect the nasdaq and in turn how the s&p reacts to that. and then tomorrow we have apple. i want to see how apple comes out. is apple going to take out the recent low of 43 and change? and how does the nasdaq react to that? and then what does the s&p react to the nasdaq? right now, i feel the s&p rally is going to be held hostage by the nasdaq. if google and apple can sustain their ground, then i think we keep going up. if they start to pull back, buyer hes in the s&p is going to say why buy them today if they're going on sale tomorrow? >> 483, we know the levels to watch for apple. anthony, thanks. >> thank you. >>> before we go, pro golfer fill michaelson has said he will make drastic changes because of several recent u.s. california and state tax hikes. the four-time major winner says he may move out of california or even retire. mickelson says if you add up everything, his tax rate
earnings, is it going to be debt ceiling talks? basically, is it macro? >> well, i think today and tomorrow is going to tell us a lot. i want to see how google's earnings affect the nasdaq and in turn how the s&p reacts to that. and then tomorrow we have apple. i want to see how apple comes out. is apple going to take out the recent low of 43 and change? and how does the nasdaq react to that? and then what does the s&p react to the nasdaq? right now, i feel the s&p rally is...
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Jan 21, 2013
01/13
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ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none have been discussed at least in the short term are going to solve the problem. the only way you solve the problem is by structural entitlement reform. you have to change the trajectory. it is not 50 billion from defense spending there. it would have an impact in our capability in context with the military but the only way you get serious and change the trajectory of the debt is to have entitlement reform. >> what does that take? we are europe and finally we have to do something about it? >> i think charles's point this is a president who wouldn'
ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none...
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Jan 21, 2013
01/13
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he was tough on the debt ceiling. he was tough on the fiscal showdown. when he got tough, boehner had to let some republicans go his way. i think he want unity. the path is being tough and being clear about what he wants to get done bp. >> if you look at lift, second terms have not worked out how most presidents think they will work out. something happens. president bush, the financial crisis. president clinton, the impeachment. >> this guy is awesome. >> stuff happens. clean it up. it's family show. george w. bush never mentioned terrorism. that was the topic that dominated his term. i re-eisenhower's second inaugur inaugural. the most important thing was to send troops into little rock. i think most of these presidents have no idea what they're about to encounter. >> outside events end up shaping the legacy and how they respond. the president's maximum political power and validation is right now in this moment and in the next year. the question is does he strike while the iron is hot an does he take to the tendency which will be to appeal to the democr
he was tough on the debt ceiling. he was tough on the fiscal showdown. when he got tough, boehner had to let some republicans go his way. i think he want unity. the path is being tough and being clear about what he wants to get done bp. >> if you look at lift, second terms have not worked out how most presidents think they will work out. something happens. president bush, the financial crisis. president clinton, the impeachment. >> this guy is awesome. >> stuff happens. clean...
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Jan 25, 2013
01/13
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the republicans knew they couldn't fight president obama on the debt ceiling. they should have just extended it sbeerly. i think there are some republicans who learned some lessons who broke with the party to vote with aid for the victims of hurricane sandy. so i think this sort of meeting is sort of the top line of people wanting to say it's just organization. but i think below that, there are republicans who know their problems run deeper. >> i don't doubt that, but i think that the bad signal is, for example, how are you going to say you're going to have change re-elect the same chairman in reince priebus, who we learned this week, had clint east wo east's empty chair in his office. to have that as some symbol that you want to recognize other than if you use an example to show how you lost an election, how dumb we could be. i mean, what -- can you re-e lek elect this guy's chair? >> look, we are in a two-party system. but the parties recon fizz your themselves. so, for example, there was ultimately a moment when the party shifted and where those democrats ha
the republicans knew they couldn't fight president obama on the debt ceiling. they should have just extended it sbeerly. i think there are some republicans who learned some lessons who broke with the party to vote with aid for the victims of hurricane sandy. so i think this sort of meeting is sort of the top line of people wanting to say it's just organization. but i think below that, there are republicans who know their problems run deeper. >> i don't doubt that, but i think that the bad...
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Jan 24, 2013
01/13
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i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in business from some big companies. >> i'm adam shapiro with your fox business brief. it was a mixed day on wall street but the s&p did manage to post its 7th straight day of gains. at&t reported fourth quarter results after the closing bell. earnings per share for the company fell a penny short of stilts coming in at 44 cents. revenue came in slightly better than expected, $32.6 million. >>> officials at sac capital are giving investor an update on an investigation by the securities & exchange commission. that's what sources are telling fox business network senior correspond
i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in...
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Jan 22, 2013
01/13
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. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt...
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Jan 22, 2013
01/13
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republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he is using it. part of that speech yesterday talked about taking it to the citizens and having the citizens continue being part of this process and pushing, but you know, with the debt ceiling, i think republicans were actually trying to extend an olive branch and found themselves rebuffed yesterday. if we had said pick the most controversial, divisive issues in the country right now, they are the issues that president obama chose to speak of yesterday. he's got a state of the union coming up in a couple of weeks. i would have expected that that would be a pla
republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he...
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Jan 22, 2013
01/13
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ceiling, gun control and how to get congress to work together. we'll get to that. but last night it was all about celebrating the second term of the 44th president of the united states of america. nbc's steve handelsman has more. >> reporter: they wowed the crowd at the inaugural balls. president obama in white tie but first lady michelle obama in a ruby red gown by jason wu. this was the ball for the military. >> i have no greater honor than being your commander in chief. >> reporter: it had been an obama family day. malia and sasha, dad and mom. as america paid tribute. an inaugural parade that showed off the nation's talent and diversity. >> i, barack hussein obama, do solemnly swear. >> reporter: the presidential's ceremonial swearing-in witnessed by as many as 1 million people. >> congratulations, mr. obama. >> reporter: mr. obama urged cooperation, rare now in washington, to cut health care costs and the deficit. >> but we reject the belief that america must choose between caring for the generation that built this country and investing in t
ceiling, gun control and how to get congress to work together. we'll get to that. but last night it was all about celebrating the second term of the 44th president of the united states of america. nbc's steve handelsman has more. >> reporter: they wowed the crowd at the inaugural balls. president obama in white tie but first lady michelle obama in a ruby red gown by jason wu. this was the ball for the military. >> i have no greater honor than being your commander in chief. >>...
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Jan 21, 2013
01/13
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and then with the debt ceiling, same thing. i do think there's some evidence that republicans are saying, you know, in part for public image reasons but maybe in part because of good economic reasons, we can't keep whacking away at the economy like this to please our base we ha. >> it's not about the two parties necessarily shifting their philosophical positions or moving together but more of a practical decision by the house leadership to recognize the limits on what they can accomplish with the majority in the house and the limits in terms of the public support for their position. you know, one of the things, chuck, the president used the campaign to do was to try to lay out in front of the public the competing visions for approaches to economic growth and deficit reduction. he feels like he's been vindicated, and i think republicans in the votes that jared was just talking about str recognized he has a point. >> yeah, but, john, it all boils down to there's a very different vision when you're talking about a government that
and then with the debt ceiling, same thing. i do think there's some evidence that republicans are saying, you know, in part for public image reasons but maybe in part because of good economic reasons, we can't keep whacking away at the economy like this to please our base we ha. >> it's not about the two parties necessarily shifting their philosophical positions or moving together but more of a practical decision by the house leadership to recognize the limits on what they can accomplish...
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Jan 22, 2013
01/13
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house will vote wednesday on raising the national debt ceiling. republican leaders announced today the extension lets the government continue borrowing money until may 19. the current debt ceiling-- $16.4 trillion-- could be reached as early as mid-february. the house bill does not specify a new dollar amount. it does mandate that congress approve budgets, or lawmakers won't be paid. major league baseball lost two hall of famers over the weekend. st. louis cardinals great stan musial-- "stan the man"-- died saturday at his home just outside the city. he played 22 years, helping the cards win three world series titles in the 1940's. he was widely regarded as one of game's greatest hitters ever. stan musial was 92 years old. also saturday, former baltimore orioles manager earl weaver passed away, during a caribbean cruise. weaver won the world series in 1970, and took his teams to three others. along the way, he gained fame for his fiery, in-your-face confrontations with umpires. he was ejected from games 91 times over 17 seasons. earl weaver was 82
house will vote wednesday on raising the national debt ceiling. republican leaders announced today the extension lets the government continue borrowing money until may 19. the current debt ceiling-- $16.4 trillion-- could be reached as early as mid-february. the house bill does not specify a new dollar amount. it does mandate that congress approve budgets, or lawmakers won't be paid. major league baseball lost two hall of famers over the weekend. st. louis cardinals great stan musial--...
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Jan 21, 2013
01/13
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we've gone over the cliff, now we have the debt ceiling. but, you know, even if they get over those two short-term problems, you still have got the problem of a massive deficit, which is going to have to be reigned in. at some point, you're going to get a fiscal squeeze in america and that is going to put a break on what is not very far from economic growth. i think you'll have that which is always something that is going to be there in the background. you have a lot of debt, as well, still in the private sector, which needs to be fluffed off. there's a deraef raejing that you've been seeing right across the western world is still going to go on, i think, for the best part of this decade. >> and we heard leading up to this election that rarely has a u.s. president been elected with such high levels of unemployment. what was different this time? >> oh, i think it had something to do with the candidate he was facing not being able to energize the public. but i also think, look, reflation? the public loves that, right? free money. >> but do th
we've gone over the cliff, now we have the debt ceiling. but, you know, even if they get over those two short-term problems, you still have got the problem of a massive deficit, which is going to have to be reigned in. at some point, you're going to get a fiscal squeeze in america and that is going to put a break on what is not very far from economic growth. i think you'll have that which is always something that is going to be there in the background. you have a lot of debt, as well, still in...
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Jan 22, 2013
01/13
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he was clearly referring to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting at a community college in houston, texas. there's going to be a news conference from the sheriff there. we'll update you with what is going on. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and
he was clearly referring to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting...
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Jan 23, 2013
01/13
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the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through congress without getting a republican house. he has another problem, that's a democratic senate. 20 democrats are up for re-election in 2014. they're not as left wing as he is. they certainly didn't get elected in states as democrat and blue as obama did. so he's asking those guys to go out in front on his tax policies, his spending policies. remember, he just signed to make permanent 85% of the bush tax cuts in dollar terms, 99% of the bush tax cuts in terms of who was affected. these are tax cuts the democratic party has run against fo
the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through...
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Jan 23, 2013
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what this bill does is it suspects the debt ceiling until may. that means treasury can borrow without limit to pay for america's obligations. this is something that gives congress breathing room to deal with some of their other big fiscal challenges that we all know about. it lifts this immediate threat of a default, which is so dangerous not just for the american economy but for the world markets. it does so with a requirement, a price requiring the senate to pass a budget. actually, both houses, each house would have to pass a budget or members of congress won't be paid. their pay will be put in an escrow account are they won't be paid. that's a little bit. schtick they're trying to use. this takes away the threat of a big default. >> house republicans have it seems backed off their demand that any increase in the debt ceiling be matched by spending cuts. is this seen as a political retreat or are they hoping to gain something in return? >> reporter: well, both sides are kind of gloating here and claiming victory. we had a press conference from
what this bill does is it suspects the debt ceiling until may. that means treasury can borrow without limit to pay for america's obligations. this is something that gives congress breathing room to deal with some of their other big fiscal challenges that we all know about. it lifts this immediate threat of a default, which is so dangerous not just for the american economy but for the world markets. it does so with a requirement, a price requiring the senate to pass a budget. actually, both...
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Jan 21, 2013
01/13
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trying to get the debt ceiling increase which seems like a ritual now where we go up to the edge of that cliff and then at the last-minute we deal with that. there still is continuing problems. i think part of the theme is continuity trying to address the problems that have persisted over the last four years. >> thank you so much. we'll talk to you one more time. thank you so much. >>> the time now is 6:16. right now we want to give you a check of the day's top stories. the san francisco 49ers on top of the world heading to the super bowl. the team arriving at san jose international airport last night after beating the falcons 28-24. it was a spectacular victory. they'll face the baltimore ravens in super bowl xlvii in two weeks. >>> 100 people are allowed to return to their homes near sacramento after a freight train derailed sunday morning. hazmat crews had to evacuate the entire neighborhood when a clear substance started leaking from one of the cars. that liquid was not dangerous. >>> five of the six suspects accused in the rape and death of a medical student in india will be in an i
trying to get the debt ceiling increase which seems like a ritual now where we go up to the edge of that cliff and then at the last-minute we deal with that. there still is continuing problems. i think part of the theme is continuity trying to address the problems that have persisted over the last four years. >> thank you so much. we'll talk to you one more time. thank you so much. >>> the time now is 6:16. right now we want to give you a check of the day's top stories. the san...
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Jan 21, 2013
01/13
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CNN
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ceiling issue, and also immigration reform. something that the president said would be a top priority. so a lot of different events for the president today. capping it off will be two balls. on official inaugural ball and the commander in chief ball taking place tonight. key folks will be taking part in ceremonies today. in particular, some hispanics playing an important role. chief justice sonja sotomayor, takie ing place on the swearing of the president. the inaugural committee has chosen a cuban american to read an original poem. cuban american civil jeer and author, richard blanco. so hispanics playing an important role on an important day in washington. john. >> a long day of firsts and a long day of celebration. dan lothian at the white house this morning. the crowd expected to turn up at the national mall, not expected to be as large as four years ago, when 1.8 million people crowded into the city. they are still expecting some 800,000 people today. nothing to thumb your nose at. christi paul on the national mall where c
ceiling issue, and also immigration reform. something that the president said would be a top priority. so a lot of different events for the president today. capping it off will be two balls. on official inaugural ball and the commander in chief ball taking place tonight. key folks will be taking part in ceremonies today. in particular, some hispanics playing an important role. chief justice sonja sotomayor, takie ing place on the swearing of the president. the inaugural committee has chosen a...
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Jan 21, 2013
01/13
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piecemeal is exactly the right word to describe the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you will see taken piece by piece. the easiest one to accomplish will be those that come forward the fastest, and the same for immigration reform. there is a lot that could be done and a comprehensive approach, but i think you will see that come down to the very bare minimum that both sides are able to agree on. >> let me follow up with a vote that will happen on wednesday. that will give another three months and the extension of the debt limit. weird is that position? why delay that for three months? where does that put them in march and april? >> this is an acknowledgement that they have lost
piecemeal is exactly the right word to describe the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you...
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Jan 22, 2013
01/13
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so instead of saying the debt ceiling is here, we're not going to move. you're saying we're moving ahead of the crisis. can you get a budget together in three months? is that possible? >> it is. in fact, you're required by law to have it ready by april 1. the bum jet should be completed by april 1. let me take a step further if i may and that is what's the purpose of having a budget committee if they're not budgeting? you we pay that committee $15 million every bienyum to do their budget? why don't we get rid of them if they're not doing their job? we pay them more money than veteran affairs and they don't even do their job. i would be the first to proposal the budget committee if they're not doing their job. >> brian: thanks for shaking up the place. >> thanking for having me on. >> brian: i can't wait to have you in the aftermath. hopefully it will be a big thumbs up. >> thank you. >> brian: straight ahead, he founded the weather underground. the group that bombed the pentagon. perhaps not the best person to deliver a keynote address to teachers. the de
so instead of saying the debt ceiling is here, we're not going to move. you're saying we're moving ahead of the crisis. can you get a budget together in three months? is that possible? >> it is. in fact, you're required by law to have it ready by april 1. the bum jet should be completed by april 1. let me take a step further if i may and that is what's the purpose of having a budget committee if they're not budgeting? you we pay that committee $15 million every bienyum to do their budget?...
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Jan 21, 2013
01/13
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ceiling, use sequestration, any monkey wrench they can throw into the machinery they will throw into the machinery. that's a different faction than the republican party as it used to be and as in some cases it still is. >> yeah. well, chris, you know, it's interesting you said that because in talking to my -- a few of my republican friends as we left the inauguration, they were saying that they were a little tired of the tea party. these are republicans, a little tired of it, because these were friends of boehner. they felt that speaker boehner was doing a good job, but at the same time in trying to do some things with this president, i'm not talking about center, i'm talking about even right of center, and they were complaining after listening to the speech that there could be and should be more cooperation. but, again, you got about 50 tea partiers that are very active and very much to the far, far right. >> yeah. >> yeah, and they don't come to washington to listen or to meet anybody or to find common ground. they come here to issue no votes and issue press releases and go home an
ceiling, use sequestration, any monkey wrench they can throw into the machinery they will throw into the machinery. that's a different faction than the republican party as it used to be and as in some cases it still is. >> yeah. well, chris, you know, it's interesting you said that because in talking to my -- a few of my republican friends as we left the inauguration, they were saying that they were a little tired of the tea party. these are republicans, a little tired of it, because...
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Jan 21, 2013
01/13
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he closed the deal on the debt ceiling with mitch mcconnell. he was the spokesman for the gun initiative. these are high-profile roles that presidents don't have to give to vice presidents. this is how important joe biden has become in this administration. >> they clearly have an incredible relationship. gloria borger just spent some time with the vice president. gloria, if you can hear me, talk a little about what we're seeing right now. >> i think you're seeing vintage joe biden. this is the joe biden that those of us who have covered him for quite some time know pretty well. i mean, it's unvarnished. this is not his parade but he's kind of turning it into his parade. i think he knows, wolf, that this could be his last parade unless he does run again. he wouldn't commit to me one way or another. i think he's surely thinking about it. we were talking here about how fit joe biden is. for a man his age. when i was -- i interviewed him in the old executive office building on friday. look at him run. and that's how he walks down the hall at the ol
he closed the deal on the debt ceiling with mitch mcconnell. he was the spokesman for the gun initiative. these are high-profile roles that presidents don't have to give to vice presidents. this is how important joe biden has become in this administration. >> they clearly have an incredible relationship. gloria borger just spent some time with the vice president. gloria, if you can hear me, talk a little about what we're seeing right now. >> i think you're seeing vintage joe biden....
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Jan 21, 2013
01/13
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he was tough on the debt ceiling, he was tough on the fiscal showdown. when he got tough, finally, bainer had to let republicans go his way. i think he wants unity, but the path to unity is not kumbaya, it's being tough and being clear about what he wants to get done for the country. >> second terms have not worked out how most presidents think they're going to work out. something happens, president bush the financial crisis, president clinton the impeachment. paul, another thing you said, the inaugural is another blueprint etched in sand? >> this guy's awesome. >> the great philosopher who first said, stuff happens. president bush, who ari served -- in his first inaugural never mentioned terrorism. that was the topic that dominated his term. i reread eisenhower's inaugural, he gave a stirring speech about the cold war and confronting communism. the most important thing he did in his second term was send troops into little rock. not into berlin, but little rock to enforce desegregation, he signed the first civil rights law since the civil war. he hardly
he was tough on the debt ceiling, he was tough on the fiscal showdown. when he got tough, finally, bainer had to let republicans go his way. i think he wants unity, but the path to unity is not kumbaya, it's being tough and being clear about what he wants to get done for the country. >> second terms have not worked out how most presidents think they're going to work out. something happens, president bush the financial crisis, president clinton the impeachment. paul, another thing you...
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Jan 24, 2013
01/13
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. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid-may, as long as congress passes a budget by april 15th. if lawmakers don't come up with a blueprint for the budget, the measure states their pay will be withheld. constitution doesn't allow the no pay thing to really happen, so that is a pr stunt. any way, that's why the act passed. 33 republicans, 111 democrats voted against it. one dem who did, congresswoman debbie wasserman schultz and she tells us the bill wasn't a clean debt ceiling increase and only prolongs economic uncertainty. it only extents it for a few months so she's right about that. >>> in the last 48 hours or so, u.s. cargo planes made at least five trips into mali transporting about 80 french troops and more than 124 tons of supplies. a spokesman for the u.s./africa command tells us the airlifts began monday, are going to go on for several more days. i couldn't help but n
. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid-may, as long as congress passes a budget by april 15th. if lawmakers don't come up with a blueprint for the budget, the measure states their pay will be withheld. constitution doesn't allow the no pay thing to really happen, so that is a...
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Jan 22, 2013
01/13
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joining us now on set to talk equity market structure, and the debt ceiling. jeff solomon cowen & company ceo. let's start with, i'm intrigued now. equity market structure. what are you going to talk about now? how do you want to talk about that? >> well, i think, i mean, we've been talking for a little over a couple of years about how crazy the equity market structure has gotten in terms of fast speeding, electronic trading, high frequency trading and how basically we've gotten away from fundamental investing in the equity markets. and so, there's a movement afoot, later on, actually beginning of next month, to have a roundtable discussion at the s.e.c. about a widening tick increments, adding bid offer spreads for small cap stocks and a way to try to drive liquidity back into the small cap market. >> my question is, if we did see a return of the individual investor and just more interest in the stock market, i argue was very low, still, even though we're getting close to highs on the -- >> i agree. >> i still think it's low. wouldn't that solve a lot of the
joining us now on set to talk equity market structure, and the debt ceiling. jeff solomon cowen & company ceo. let's start with, i'm intrigued now. equity market structure. what are you going to talk about now? how do you want to talk about that? >> well, i think, i mean, we've been talking for a little over a couple of years about how crazy the equity market structure has gotten in terms of fast speeding, electronic trading, high frequency trading and how basically we've gotten away...
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Jan 29, 2013
01/13
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in a couple of days, the senate will vote on a proposal to extend the debt ceiling out til may, so if the senate does, it heads to the white house for the president's signature, and that reorders the calendar of deadlines as far as spending is concerned, so next up would be the government spending cuts, the automatic spending cuts known as the sequester followed by march 27th a large chunk of government spending authority runs out. and without an agreement the, basically, no spending agreement there you'd have a government shutdown on may 18th, that's the next debt ceiling deadline if this does manage to pass the house and the u.s. senate and go to the president's desk for his signature. analysts are saying next up now is that big government spending fight dealing with the appropriations process, and it makes it more likely now with that up next that there could be a goth shutdown. a government shutdown. >> you know, take off the worst case elements of what, you know, could be a worst case scenario by removing the debt ceiling, essentially, and then have just a good old fight on spend
in a couple of days, the senate will vote on a proposal to extend the debt ceiling out til may, so if the senate does, it heads to the white house for the president's signature, and that reorders the calendar of deadlines as far as spending is concerned, so next up would be the government spending cuts, the automatic spending cuts known as the sequester followed by march 27th a large chunk of government spending authority runs out. and without an agreement the, basically, no spending agreement...
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Jan 21, 2013
01/13
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WBAL
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ceiling. >> was it compromise or just a strategy to move a bigger fight down the road? >> i think it's an indication, a telltale sign about where the republicans are. four years ago, when the president was making that speech, republicans were meeting at night. >> exactly. >> deciding how to defeat him when he won for re-election. they lost that, big time. he had a very robust electoral victory and significant popular vote victory. now the republicans are in disarray, trying to organize their party so they have a future. and they're going to have to deal with the reality of that as well. it is a party that is so broken into a lot of parts on the gop side and there's going to have to be a lot of mending down and more outreach as well. >> couple of key areas. the president has focused on energy independence. people close to him say that could be an unlikely bipartisan legacy for president obama and health care. party line vote, divided the country. implementation will be tough. he will have to spend a lot of time on it to see results. >> immigration was an area shown to be
ceiling. >> was it compromise or just a strategy to move a bigger fight down the road? >> i think it's an indication, a telltale sign about where the republicans are. four years ago, when the president was making that speech, republicans were meeting at night. >> exactly. >> deciding how to defeat him when he won for re-election. they lost that, big time. he had a very robust electoral victory and significant popular vote victory. now the republicans are in disarray,...
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Jan 21, 2013
01/13
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is it possible to get immigration, gun control, the debt ceiling, really think about how you curb spending, et cetera, et cetera, et cetera, climate control, energy policy -- all done in that one to two-year window. >> i think that we will be able to do most, if not all of those things. and certainly attempt to do all of them. all of them are important issues. all of them are things the president cares deeply about that many members of congress care deeply about. but most importantly, they're things that the american people care about. with that momentum going forward, we'll try to tackle them. >> joaquin, nice to have you with us. we appreciate it. have a great afternoon and great day. let's bring in jeff toobin, who is right over here. i want to show people how close we are to the capitol. jeff, if you look up here, this is the perfect view to watch the president being sworn in. >> it really is great. one of the things you don't realize is how close they are together. it is a very ipt mat scene up there. the chief justice of the united states, as famous and powerful as he is, he's not us
is it possible to get immigration, gun control, the debt ceiling, really think about how you curb spending, et cetera, et cetera, et cetera, climate control, energy policy -- all done in that one to two-year window. >> i think that we will be able to do most, if not all of those things. and certainly attempt to do all of them. all of them are important issues. all of them are things the president cares deeply about that many members of congress care deeply about. but most importantly,...
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Jan 21, 2013
01/13
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they're saying, we're going to let you raise the debt ceiling, mr. president, if you agree in three months to come up with a budget? you hate that idea? >> i don't like it because how long does it take to come up with a budget? you can come up with a budget -- they've been doing budgets for the last six years and we don't come up with budgets. they haven't come up with a budget -- i was looking just before in the senate, we haven't come up with a budget in years. how long does it take? >> gretchen: they don't want to. they voted, i think it was something to zero. >> steve: 97. >> gretchen: 97 to 0 on the last attempt. it seems to be this disconnect in society where people want to took spending when you look at the poll, but then that's not really what happens on capitol hill. >> they don't want to -- the public wants it to be tackled, the americans want it to be. everybody wants it to be tackled except congress. >> steve: yeah. >> they better tackle it quickly. >> steve: we tackled the "new york times" this morning. we saw good news four and the busi
they're saying, we're going to let you raise the debt ceiling, mr. president, if you agree in three months to come up with a budget? you hate that idea? >> i don't like it because how long does it take to come up with a budget? you can come up with a budget -- they've been doing budgets for the last six years and we don't come up with budgets. they haven't come up with a budget -- i was looking just before in the senate, we haven't come up with a budget in years. how long does it take?...
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Jan 24, 2013
01/13
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ceiling, and then put the pressure on somebody else, namely the senate. but they are going to put forth a budget pretty soon that is really going to be an important % contrast for the american people to see. they are going to try to balance the budget in ten years, which you cannot do without slashing medicare and medicaid, and social security. so the american people will get, i think, a very good look at the way republicans want to balance the budget and do deficit reduction and the way democrats do. we actually went through this with paul ryan's budget which was so egregious the leader of his party had to back away from it in the campaign. >> stephanie: yeah, it was seen as sort of a slap at the senate but they are calling it the no budget, no pay idea. it has been regarded by a lot of people as a gimmick. here they go. it's a new way to play some sort of partisan games right? >> exactly. and it doesn't guarantee that there will be a compromised budget agreement between the house and senate. they can pass one, just as the house can pass one. and that's
ceiling, and then put the pressure on somebody else, namely the senate. but they are going to put forth a budget pretty soon that is really going to be an important % contrast for the american people to see. they are going to try to balance the budget in ten years, which you cannot do without slashing medicare and medicaid, and social security. so the american people will get, i think, a very good look at the way republicans want to balance the budget and do deficit reduction and the way...
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Jan 23, 2013
01/13
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debt ceiling for nearly four months. that bill is expected to get almost unanimous support from the republican caucus, meaning it will pass. democrats would prefer a longer term solution. senate majority leader harry reid has expressed support for the house bill. the white house says president obama won't stand in the way of it becoming law. ross? >> yeah. >>> we've been asking as a result here in davos how well u.s. lawmakers' persistent failure to come up with a permanent solution impact the u.s. economy. this is some of these views. >> the lack of decisions in the u.s., kicking the can down the road will be a drag. i think it will be a slower start in the united states as a result generally. >> actually very concerned because the issue is demography, medicare. it's not -- everybody focuses on the cost of running the state. about 15% to 20%. but in the short term, i think actually there will be answers. >> longer term, i think u.s. will be supported by the shale gas and the shale oil industry that is growing very fast
debt ceiling for nearly four months. that bill is expected to get almost unanimous support from the republican caucus, meaning it will pass. democrats would prefer a longer term solution. senate majority leader harry reid has expressed support for the house bill. the white house says president obama won't stand in the way of it becoming law. ross? >> yeah. >>> we've been asking as a result here in davos how well u.s. lawmakers' persistent failure to come up with a permanent...
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Jan 22, 2013
01/13
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there's really important things he's working on, including the next big discussion on the debt ceiling. >> and it has always been true that good policy makes good politics. so if he does want to run for president, taking care of his policy now is probably the best way to do it. >> focusing on being the best vp he can possibly be. >> delaware attorney general, beau biden, thanks for taking the time. i know it's been a busy couple of days. >>> now, what really happened during that four-day hostage crisis in algeria. the very latest on that situation is. coming up next. plus, new signs that russia may be preparing for the collapse of syria's government. >>> but first, today's trivia question. how many presidents have chosen not to swear the oath of office? tweet us, @dalyrundown. the first correct answer will get a follow tuesday from us. that answer and much, much more is coming up on t"the daily rundow rundown". >>> time for the "your business" entrepreneur of the week. kathleen king had a successful business in the hamptons, but a partnership that went sour resulted in her losing it. l
there's really important things he's working on, including the next big discussion on the debt ceiling. >> and it has always been true that good policy makes good politics. so if he does want to run for president, taking care of his policy now is probably the best way to do it. >> focusing on being the best vp he can possibly be. >> delaware attorney general, beau biden, thanks for taking the time. i know it's been a busy couple of days. >>> now, what really happened...
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Jan 22, 2013
01/13
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i don't think it takes much to have another debt ceiling debate and debacle would not be helpful here. i think there's so much minon the sidelines between the retail investor and the corporate america today, has so much money to invest. get rid of some of that uncertainty and this economy will go. i'm quite bullish about that. >> can you provide guidance for this year without knowing exactly what washington is going to come up with? >> we gave a range. we don't give guidance. we give a range on a conservative side and optimistic side. we're right inside that range. had a great start to the year. we're ahead of consensus. we her record asset gathering and record guidance sales and great control. had a great start. >> had a good three months in the stock as well at this point. fred, always good to see you. >> thanks for coming by. >> the president of amayor trade joining us today. dell shares sharply higher today. after david faber broke the news that microsoft is now in talks to help finance that buyout of dell. david joins us now with more details. they are getting a party together, a
i don't think it takes much to have another debt ceiling debate and debacle would not be helpful here. i think there's so much minon the sidelines between the retail investor and the corporate america today, has so much money to invest. get rid of some of that uncertainty and this economy will go. i'm quite bullish about that. >> can you provide guidance for this year without knowing exactly what washington is going to come up with? >> we gave a range. we don't give guidance. we...
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Jan 25, 2013
01/13
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mitt romney was beaten, barack obama so empowered he forced republicans to back down on the debt ceiling. and laid out a liberal agenda for a second term. the gop is out of favor with the young minorities and women. not just at the ballot box. 49% of the nation now sees the republican party negatively. in the nbc news/"wall street journal" poll only 26% positively. democrats doing far better with a net positive. hand wringing at the gop winter meeting. >> republicans talk policy, and the democrats talk people. >> we've got to stop being the stupid party. >> reporter: bobby jindal on gop senate candidates todd aiken and richard murdoch whose comments about rape angered women. >> it's no secret we had a number of republicans who damaged the brand with offensive and bizarre comments. >> reporter: some republicans in four states with republican legislatures want to change the winner-take-all electoral college system in their states that gave president obama a big win. mitt romney would have been closer. a former party chair says forget that. the gop will recover. >> we've got a lot of work t
mitt romney was beaten, barack obama so empowered he forced republicans to back down on the debt ceiling. and laid out a liberal agenda for a second term. the gop is out of favor with the young minorities and women. not just at the ballot box. 49% of the nation now sees the republican party negatively. in the nbc news/"wall street journal" poll only 26% positively. democrats doing far better with a net positive. hand wringing at the gop winter meeting. >> republicans talk...